46,219 Shares in Comcast Corporation (NASDAQ:CMCSA) Bought by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 46,219 shares of Comcast Corporation, valued at approximately $1,706,000, during the first quarter of 2023.
• Wall Street analysts have varied ratings for Comcast, with a consensus average rating of "Hold" and an average price target of $41.13.
• Comcast recently announced a quarterly dividend of $0.33, representing an annualized yield of 4.06%, with a current dividend payout ratio of 32.43%.

Banque Cantonale Vaudoise purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 46,219 shares of the cable giant's stock, valued at approximately $1,706,000.

A number of other large investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in shares of Comcast in the 1st quarter worth about $26,000. Abound Financial LLC purchased a new stake in Comcast in the first quarter worth about $29,000. Retirement Wealth Solutions LLC lifted its holdings in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Comcast during the 4th quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates grew its holdings in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the period. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CMCSA shares. The Goldman Sachs Group lowered their target price on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 25th. UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research report on Thursday, April 10th. Scotiabank lifted their price target on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research report on Friday, July 11th. Finally, TD Cowen cut their price objective on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.13.

Comcast Trading Down 1.0%

Shares of CMCSA stock opened at $32.50 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $121.35 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The stock's 50-day moving average price is $34.86 and its 200-day moving average price is $35.16.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.06%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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